HAWTHORN BANCSHARES, INC. HWBK
Hawthorn Bancshares, Inc. (the "Company"), is a bank holding company registered under the Bank Holding Company Act of 1956, as amended (the "Bank Holding Company Act"). The Company was incorporated under the laws of the State of Missouri on October 23, 1992 as Exchange National Bancshares, Inc. and changed its name to Hawthorn Bancshares, Inc. in August 2007. The Company owns all of the issued and outstanding capital stock of Hawthorn Bank. The Company received approval from the Federal Reserve and elected to become a financial holding company on October 21, 2001.
Except as otherwise provided herein or to the extent the context otherwise requires, references herein to the "Company," "we," "us" or "our" refer to Hawthorn Bancshares, Inc. and its consolidated subsidiaries, and references herein to the "Bank" refers to Hawthorn Bank and its constituent predecessors.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $97.7M | $95.4M | $92.0M | $69.3M | $64.5M | $63.0M | $64.0M | $57.8M | $50.9M | $46.0M |
| Total operating expenses | $50.8M | $49.5M | $52.4M | $48.5M | — | — | — | — | — | — |
| Interest expense | $65.9M | $58.6M | $59.1M | $58.8M | $5.9M | $9.7M | $15.2M | $13.2M | $8.0M | $5.7M |
| Pre-tax income | $29.1M | $22.4M | $432.0K | $25.1M | $28.2M | $17.5M | $19.9M | $12.4M | $11.3M | $11.0M |
| Income tax | $5.3M | $4.1M | $524.0K | $4.3M | $5.7M | $3.2M | $3.8M | $1.7M | $7.9M | $3.8M |
| Net income | $23.8M | $18.3M | $956.0K | $20.8M | $22.5M | $14.3M | $16.1M | $10.7M | $3.4M | $7.3M |
| EPS, basic | 3.44 | 2.61 | 0.14 | 2.94 | 3.15 | 2.04 | 2.38 | 1.64 | 0.54 | 1.19 |
| EPS, diluted | 3.43 | 2.61 | 0.14 | 2.94 | 3.15 | 2.04 | 2.38 | 1.64 | 0.54 | 1.19 |
| Shares, diluted (wtd. avg.) | $6.9M | $7.0M | $7.0M | $7.1M | $7.1M | $7.0M | $6.8M | $6.5M | $6.3M | $6.1M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $104.3M | $51.0M | $93.5M | $83.7M | $159.9M | $180.4M | $78.1M | $42.1M | $62.9M | $26.0M |
| Property, plant and equipment | $30.0M | $31.2M | $32.0M | $32.9M | $32.7M | $34.6M | $35.4M | $34.9M | $34.8M | $35.5M |
| Total assets | $1.89B | $1.83B | $1.88B | $1.92B | $1.83B | $1.73B | $1.49B | $1.48B | $1.43B | $1.29B |
| Short-term debt | — | — | $0 | $5.2M | $23.8M | $45.2M | $27.3M | $24.6M | $27.6M | $31.0M |
| Total liabilities | $1.72B | $1.68B | $1.74B | $1.80B | $1.68B | $1.60B | $1.38B | $1.38B | $1.34B | $1.20B |
| Retained earnings | $107.9M | $89.5M | $76.5M | $91.8M | $82.3M | $68.9M | $61.6M | $54.1M | $50.6M | $51.7M |
| Total equity | $174.2M | $149.5M | $136.1M | $127.4M | $149.0M | $130.6M | $115.0M | $99.4M | $91.4M | $91.0M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $26.9M | $25.6M | $17.6M | $20.3M | $30.2M | $21.0M | $19.4M | $16.3M | $12.5M | $13.5M |
| Depreciation and amortisation | $2.3M | $1.7M | $2.2M | $2.3M | $2.3M | $2.3M | $2.1M | $1.8M | $1.7M | $1.8M |
| Stock-based compensation | $392.0K | $184.0K | $42.0K | $0 | $0 | — | — | $0 | $3.0K | $17.0K |
| Capital expenditure | $4.1M | $3.0M | $2.1M | $2.6M | $591.0K | $1.8M | $2.2M | $2.3M | $1.3M | $1.3M |
| Investing cash flow | -$6.9M | $1.3M | $54.2M | -$206.5M | -$127.5M | -$139.6M | $16.3M | -$78.6M | -$112.9M | -$94.2M |
| Financing cash flow | $33.3M | -$69.3M | -$62.1M | $110.1M | $76.9M | $220.8M | $389.0K | $41.5M | $137.3M | $79.3M |
| Dividends paid | $5.4M | $5.0M | $4.6M | $4.2M | $3.6M | $3.0M | $2.7M | $2.0M | $1.5M | $1.1M |
| Buybacks | $2.9M | $1.1M | $0 | $2.9M | $2.1M | $906.0K | $0 | $179.0K | $878.0K | $623.0K |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0000893847-26-000041.
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| JPM | JPMORGAN CHASE & CO | $953.33B | 17.9x | 2.8% |
| BAC | BANK OF AMERICA CORP /DE/ | $438.31B | 16.5x | 6.8% |
| WFC | WELLS FARGO & COMPANY/MN | $272.07B | 14.4x | -3.8% |
| C | CITIGROUP INC | $240.92B | 19.7x | 5.6% |
| COF | CAPITAL ONE FINANCIAL CORP | $136.66B | 54.5x | 36.3% |
| USB | US BANCORP \DE\ | $98.73B | 13.7x | 4.4% |
| PNC | PNC FINANCIAL SERVICES GROUP, INC. | $97.98B | 14.8x | 7.2% |
| TFC | TRUIST FINANCIAL CORP | $63.10B | 13.5x | -2.1% |